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7 Cherry Street

Portland, ME 04102
Baths
3
Square Ft.
2,923
Active
Multifamily
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Property Photo
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Property Photo
Property Photo
Property Photo
Property Photo
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$740,000
Fantastic investment opportunity—a three-unit multifamily property at 7 Cherry Street—offers strong rental potential in one of Maine's most desirable and consistently growing markets. Located just minutes from downtown, the Old Port, restaurants, amenities, and major commuter routes, this property attracts high-quality tenants and ensures steady demand year-round. With functional layouts… Read MoreRead Less
Courtesy of RE/MAX Oceanside 207-799-7600
Listing Snapshot
Days Online
21
Last Updated
Full Baths
3
Square Ft.
2,923
Lot Size
0.18 Acres
Year Built
1875
MLS Number
1644239
Additional Details
Property Access
Road Surface Type: "Paved"
Basement
Basement: "Walk-Out Access", "Full", "Exterior Only", "Unfinished"
Building
Architectural Style: "New Englander", Building Area Total: 2,923, Construction Materials: "Vinyl Siding", "Wood Frame", Number Of Units Total: 3, Year Built: 1875, 3 stories
Cooling
Cooling: "None"
Expenses
Operating Expense: $14,271
Exterior Features
Patio And Porch Features: "Deck", Patio And Porch Features: "Deck"
Floors
Flooring: "Laminate"
Heating
Heating: "Hot Water", "Direct Vent Heater", "Baseboard", Heating Included
Income
Gross Income: $46,800
Lot
Features: "Level", "Sidewalks", "Intown", "Near Turnpike/Interstate", "Near Public Transit", 0.18 acres, Area: 0.18, 7,841 square feet
Parking
Features: "5 - 10 Spaces", "Paved"
Property
Parcel Number: PTLD-000065-A000006-000001, Zoning: R6
Roof
Roof: "Shingle"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: $8,536, Tax Lot: 6
Utilities
Electric: "Circuit Breakers", Water Source: "Public"
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Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.